Lifestyle entrepreneurs are usually people who venture into business for pursuing lifestyle reasons, rather than with the desire for massive financial gain . They will try to venture into business initially so they can enjoy kind of work which they have passion with , work based on flexible hours , live how they prefer , and engage with people they like and admire or model .
They usually have the strong belief of making a living doing something they have interest with passion , giving them more opportunities which let them display their high degree of expertise and talent .This same factor is also driving many entrepreneurs to the decision to start their own business. It usually involves long hours, especially when starting out, but a great deal of flexibility as well.
It is known than more people are turning to entrepreneurship to support the lifestyle that they have always dreamed of and recent stats have shown that money is not the only driver for very few small entrepreneurs and self-employed people instead many entrepreneurs express that their desire for independence prompted them to become entrepreneurs. Other payoff or benefits could mean they can enjoy the motivation to be able organize their time and working only when they feel like it . Others choose to become a lifestyle entrepreneur to work from home with their young children or for some other specific reason but Mostly, they want to do the kind of work that they love.
Even so ,, lifestyle entrepreneur can works for New comers who lack the experience in doing business , It is also a honest way to make a living." Youth entrepreneurship may starts off from here and especially for young internet marketers , Instead of striving for business with investment while lacking of experience ,
Youth entrepreneurship may start off with similar motivation of the lifestyle entrepreneur ,which could be the desire to work for themselves, learn and earn and run a business that would fit around their lifestyles and ages .
Every Business requires all the components of any successful start-up - a business plan, financial funding, a niche product or service a good perspective mindset and also a vibrant market to work on . ."To make it work, Youth entrepreneurs need to enables others and the community to make positive life choices which allows them to maximize their potentials. They have the ability to learn, reinforce and practice to apply skills which is necessary to their development. It also helps them to reach out to positive academic, career, and personal goals to meet social competence, it is their gateway to a desired “ Preferred Lifestyle “
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| Courtesy UTM |
The New Digital media engages youths and challenges them academically. Thus, helps to foster their abilities to express themselves and life-long learning. Journey of a thousand miles, begins with the First Step. So start off “First Step” as a Lifestyle Entrepreneurs and get a copy of the New Book -
“Blogging by Million, Earn By Millions.”
This book inspire prospective young entrepreneurs to learn modern methods in online marketing and entrepreneurship skills and enable them to tackle the problem of unemployment by equipping them with internet marketing skill to take up income generating projects with New ideas
Entrepreneurship starts young and as mentioned it will require much time to nurture with good attitude and entrepreneurship skills . A Good perception is needed to inspire youth that entrepreneurship is a strong opportunity for young people that they must be nurtured with while gain experience, self-esteem, and employability and create wealth.
All business start small before they get to grow . Entrepreneurship has been all the while been linked with being adventurous , ambition, dynamism, innovation , and a thriving enthusiastic spirit , But beyond that , However, there are only a few who are Not afraid to fail , who can sell ideas and turn them into profits, these few are the ones called entrepreneurs
Entrepreneurship is the process of trying out New ideas ,creating product or New services and assuming the role in
organizing, managing, and absorbing the risks, Not afraid of failure and enjoying the rewards of a business. Most people see entrepreneurship as the opportunity to pursue the dream of working for themselves. For many, it’s not always about the money, but rather, about the passion and the challenge.
What would stimulate youth entrepreneurship?
Start with a good old Lao Tzu’s saying
“Give a man a fish and he eats for a day. - Teach a man how to fish and he eats for a lifetime" ………………..this famous quote is the best saying even for present societies which can inspire Youth to live by in order to promote them to become Young entrepreneurs.
Make Entrepreneurship an “Welcome “ option for young people. In many countries entrepreneurship is not perceived as a viable option for young people seeking employment. Main reasons are because of the following stigma
Many families put much focus on earning wages rather than creating wealth as they have the perception that a good qualifications will guarantee people to be employed . Therefore this cause the expectation that if the family effort to help young people get a degree is not realized , will deem the youth’s future. Thus it has become a stigma to present societies around the world .
Another major stigma is Failure . The fear of failure is a strong discouragement to starting your own business. Entrepreneurship is not valued in many societies with high esteem as it is not similar to working with a Government agency or with a large corporation .
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Therefore potential young entrepreneurs are usually tend to be more risk averse and are less afraid of the financial and social costs of failure as they out weigh both the the benefits of success over failure
What would stimulate youth entrepreneurship?
1
Capitalize on Social Media and networking and create good PR campaign to instill entrepreneur ideals for the Youth
2. Ensure that education system is tailored relevant to the needs of young people to find decent and productive work. . This education should start from early school days through vocational training, universities and business incubation for young entrepreneurs. Pursue the need for developing the skills and attitudes that make up an entrepreneurial mindset for the Youth
3 . Encourage entrepreneurial activities by promoting the concept of entrepreneurship and self-employment as well as training for entrepreneurs.
4 Reduce the fear of failure and boost perception of the value of entrepreneurs to society. Ensure the value to the economy of entrepreneurship and wealth creation is well understood by everyone involved in training, education and working with young people
5. Identify Role Models and champions from among young people and successful entrepreneurs. Persuade experienced business people to promote self-employment as a genuine career option for young people.
6. Create prestigious awards to celebrate the success of entrepreneurs
The opportunities available to an entrepreneur are totally unlimited which is most encouraging ,and now with the recent introduction of New Media technology , it offers Globalization opportunities for all whom dared to implement new ideas online
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